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Alpha Minerals Inc. (TSXV:AMW) announced the completion of its previously announced private placement of 1,200,000 flow-through shares at a price of $4.40 per Flow-Through Share and 1,750,000 units at a price of $4.00 per Unit for aggregate gross proceeds of $12,280,000.
As quoted in the press release:
Each Unit is comprised of one non-flow-through share and one-half of one common share purchase warrant (“Warrant”). Each whole Warrant entitles the holder to acquire one common share at an exercise price of $5.00 for a period of 24 months from closing of the Offering.
The Offering was completed by a syndicate of underwriters comprised of Salman Partners Inc., Cormark Securities Inc. and Raymond James Ltd. (collectively the “Underwriters”).
Click here to read the Alpha Minerals Inc. (TSXV:AMW) press release
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